OAK BROOK, IL – Chicagoland new-car dealers will be allowed to charge customers a $166.27 Documentary Service, or DOC fee, on the purchase of any new vehicle in 2014, a $1.97 or 1.2% increase over the allowable charge in 2013, reports the Chicago Automobile Trade Assn. The fee, which goes to cover the cost of paperwork involved with each sale, dates back to the early 1980s. At the time, some dealers began quoting lower prices than their rivals to attract consumers, but made up for the ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.